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Landmark Aldgate Mixed Use Investment

Relay Building, 1 Commercial Street, London E1

Undisclosed

Property Types:
Commercial, Mixed, Residential
Sub Types:
Office, Retail
Tenure:
Freehold
Site Area:
105,996 sq.ft [9,847 sq.m]

Tenancy

The Property is multi-let to 4 office and 3 retail tenants providing an AWULT of 13.1 years or 10.2 years to the earliest determination, in respect of the let accommodation.

Income

£5,507,969 (£51.96 per sq ft)

Description

  • The Majority Freehold building comprises a total of 105,996 sq ft (9,847 sq m) of office and ancillary accommodation, including 7,076 sq ft (657 sq m) of retail accommodation and 207 residential units.
  • With practical completion in 2014, the Property represents a newly developed best-in-class, purpose built, mixed-use building.
  • The Property is located in London, Europe’s largest City and one of the most prominent international centres for commerce, technology, tourism, education and finance.
  • The Relay Building is located in the most prime area of Aldgate which has established itself as one of London’s most vibrant and diverse submarkets.
  • The Relay Building has exceptional connectivity located directly above Aldgate East tube station, providing immediate access to the District and Hammersmith and City line. In addition, the Elizabeth Line / Crossrail (London’s soon to be delivered high speed rail line) will be moments away at Whitechapel to the east and Liverpool Street to the west.
  • The Property is fully let apart from the top floor, which will be topped up by the vendor from completion. The final floor to be leased is the 6th floor, and being the top office floor, it offers the potential to command the highest rents in the building.